Stewart Title Ltd. has announced the opening of its new office in
Budapest, Hungary. Stewart Title Ltd. is the primary underwriter for
European transactions for Stewart Information Services Corp.
(NYSE:STC).
Stewart has appointed Gabor Kovats as the Business Development
Manager for Hungary. Mr. Kovats joins Stewart with nearly 10 years of
experience in the financial and real estate industries. He will be
responsible for introducing new business and maintaining the current
business and relationships within the Hungarian market.
"Stewart Title Ltd. prides itself on providing our clients with
local, experienced professionals," said Steven M. Lessack, chief
executive officer, Stewart Title Ltd. "The Hungarian title insurance
industry is growing and the opening of our Budapest office and the
addition of Gabor will ensure that we are there to fully support and
become an essential resource to our clients."
Stewart Title Ltd. has already closed several transactions in
Hungary, including one that involved the Budapest Stock Exchange and
another that involved a chain of retail malls.
Recently, the company celebrated the milestone of underwriting
nearly EUR 4 billion in title insured transactions within Central
Europe alone.
"As the leader in Central Europe, we will continue to expand our
operations and create innovative products to settle transactions
efficiently and with reduced risk for our clients," concludes Lessack.
Stewart Title Ltd. provides title insurance for residential and
commercial properties and an array of other country-specific products
and services. Stewart's services are available throughout Europe.
The executive office in London will oversee the Budapest office in
addition to the United Kingdom operations, Spain, Czech Republic,
Poland, Slovakia, Slovenia, Turkey, Romania and Australia.
Stewart Title Ltd.'s Budapest Office is located at the Bank
Center, Citibank Tower, Szabadsag sqr 7, Budapest 1054, Hungary and
tel: +36/ 1 474 8109, fax: +36/ 1 474 8181, mobile: +36/ 70 776 5644.
About Stewart Title Ltd.
Stewart Title Ltd. is a UK insurance company, regulated by the
Financial Services Authority. The company delivers a host of title
indemnity products, streamlining the conveyancing and closing process
and helping solicitors and attorneys creatively overcome difficult
title situations. Visit www.stewarttitle.co.uk for more information.
About Stewart
Stewart Information Services Corp. is a technology-driven,
strategically competitive, real estate information and transaction
management company. Stewart provides title insurance and related
information services required for settlement by the real estate and
mortgage industries through more than 9,000 policy-issuing offices and
agencies in the United States and international markets. Stewart also
provides post-closing lender services, default management solutions,
automated county clerk land records, property ownership mapping,
geographic information systems, property information reports, flood
certificates, document preparation, background checks and expertise in
tax-deferred exchanges. More information can be found at
www.stewart.com.
